## **CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st March 2021**
## **EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD, LONDON E8 3DY**
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## **CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES**
## **Reports and Accounts**
|**CONTENTS**||
|---|---|
|Charity Information|1|
|Trustees annual report|2|
|Accountant's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to Accounts|6-8|
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## **CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES Charity Information**
## **Trustees**
Sikiru Adetona Adedoja Olatomo Adetutu Morayo Salvador
## **Principal Location**
Shalom House 118-120 Ormside Street London SE18 1TR
## **Bankers**
HSBC 28 Borough High Street Southwark London SE1 1YB
## **Accountants**
Emmanuel Stephens & Co 62 Beechwood Road London E8 3DY
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## **CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31st March 2021**
The trustees have the pleasure of submitting their report and the financial statements for the year ended 31st March 2021
## **Review of Financial Position**
Please refer to the annexed accounts for the details of the financial statements for the year ended 31[st] March 2021
## **Reserves Policy**
The trustees would like to work towards a situation whereby the charity could maintain unrestricted funds at a level which equates to approximately three months of unrestricted expenditure.
## **Trustees' Responsibilities in Relation to the Financial Statements**
The Charities Act requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are required to:
a) Select suitable accounting policies and apply them consistently;
b) Make judgements and estimates that are reasonable and prudent;
c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.
d) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking any reasonable steps for the prevention and detection of fraud and other irregularities.
## **Approval**
This report was approved by the Board of Trustees and signed on their behalf by:
Signature:
Name:
Date:
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## **CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES**
I report on the accounts of the Trust for the period ended 31st March 2021, which are set out on pages 4 to 8.
## **RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER**
As the Charity's Trustees, you are responsible for the preparation of the Account: you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act") does not apply. It is my responsibility to:
. Examine the accounts under section 145 of the 2011 Act;
- . to follow the procedure s laid down in the general Directions given by the Charity Commission under section 145(5) of the 2011 Act;
. to state whether particulat matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER'S REPORT**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view' and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINER'S STATEMENT**
In connection with my examination, no matter has come to my attention:
1. Which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act, and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act.
have not been met: or
2. to which, in my opinion, attention be drawn to enable a proper understanding of the accounts to be reached.
## **Emmanuel Stephens & Co.**
Chartered Accountants, Business Advisers & Consultants
62 Beechwood Road
London
E8 3DY
62 Beechwood Road London E8 3DY
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## **CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES Statement of Financial Activities for the year ended 31st March 2021**
|Notes
**Incoming Resources**
_Incoming resources from generated funds:_
Voluntary income:donations
1a
Activities in furtherance of the charity
1b
objects
Gift Aid Received
**_Total Incoming Resources_**
**Resources Expended**
_Charitable activities:_
Direct Charitable Expenditure
2
_Governance costs:_
Management & Administration
3
**_Total Resources expended_**
**Net Incoming/(Outgoing) Resources for the year**
**_Net Movement in Funds_**
4
**Accumulated Fund at 1st April**|**2021**
**2020**
Unrestricted
Restricted
Total
Total
£
£
£
£
37,380
-
37,380
56,765
-
-
-
-
16,050
16,050
4,638|
|---|---|
||**53,429**
**-**
**53,429**
**61,403**|
||34,757
34,757
15,690
35,493
-
35,493
36,342|
||**70,249**
**0**
**70,249**
**52,032**|
||(16,820)
0
(16,820)
9,371|
||(16,820)
0
(16,820)
9,371
390,301
2,648
392,949
383,578|
||**373,481**
**2,648**
**376,129**
**392,949**|
All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.
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## **CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES Balance sheet as at 31st March 2021**
|**Balance sheet as at 31st March 2021**|||
|---|---|---|
|Notes
**FIXED ASSETS**
Tangible Fixed Assets
7
**CURRENT ASSETS**
Debtors
Bank
Cash in Hand
**CURRENT LIABILITIES**
8
**NET CURRENT ASSETS**
**LONG TERM LIABILITIES**
Amount falling due more than a year
**NET ASSETS**
**TOTAL FUNDS**
6
Amount falling due within a year|**2021**
£
387,594
387,594
2,360
14,305
-
16,665
(15,530)
1,135
**388,729**
(12,600)
**376,129**
**376,129**|**2020**
£
387,430|
|||387,430
2,360
6,487
-|
|||8,847
(4,950)|
|||3,897|
|||**391,327**
(10,850)|
|||**380,477**|
||||
|||**380,477**|
Approved by the Trustees and Signed on their behalf:
Signature:
Name:
Date:
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## **CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES**
## Notes to the financial statements for the year ended 31st March 2021
## **ACCOUNTING POLICIES**
The accounts have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2005) issued in December 2005 and applicable accounting policies in the preparation of the financial statements are as follows.
## **1. INCOMING RESOURCES**
These are recognised in full in the Statement of Financial Activities in the period in which they are received. Included are income from tithes, offerings and interest received during the year from investments and accounted for as unrestricted-funds.
## **1a. Voluntary Income: Donations**
||||
|---|---|---|
|**ions**
Tithes & Offerings
Building Funds
Other Charitable Income(Gift Aid)|**2021**
£
37,380
-
16,050
53,429|**2020**
£
56,765
-
4,638|
|||61,403|
## **2. DIRECT CHARITABLE EXPENDITURE**
This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material.
|Donations
Spiritual Materials
Transportation
Church expenditure
Pastoral Allowance|**2021**
£
2,784
3,410
3,754
18,309
6,500
**34,757**|**2020**
£
3,020
2,087
3,524
6,067
4,500|
|---|---|---|
|||**19,198**|
## **3. MANAGEMENT AND ADMINISTRATION**
|Honorarium
Rent & Rates
Refusal Disposal
Telephone & fax & internet
Printing, postage & stationery
Accountancy
Insurance
Harvest/Paliatives
Light & Heat
Repairs & renewals
Legal & professional fees
Planning Permission
General expenses
Depreciation|**2021**
**£**
2,200
-
-
605
1,450
750
1,085
4,061
11,509
1,027
2,645
-
6,865
3,296
**35,493**|**2020**
**£**
6,500
12,400
-
507
595
750
1,042
10,929
4,344
8,400
7,125
3,600
5,014
3,566|
|---|---|---|
|||**64,772**|
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## **4. NET MOVEMENT IN FUNDS FOR THE YEAR**
|The net movement in funds for the year is stated
after charging
Depreciation of tangible fixed assets|**2021**
**£**
3,296|**2020**
**£**
3,566|
|---|---|---|
## **5.DEPRECIATION**
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|Musical Instruments
Fixtures & Fitting
**6. FUNDS**
At 1 April 2020
Surplus/(Deficit) for the year
At 31st March 2021|20% straight line
20% straight line
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
390,301
2,648
392,949
(16,820)
0
(16,820)|
|---|---|
||373,481
2,648
376,129|
## **6.1 UNRESTRICTED FUNDS**
These are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.
## **6.2 RESTRICTED FUNDS**
Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.
## **7. FIXED ASSETS**
|**Cost/Valuation**
At 1stApril 2020
Additions
At 31st March 2021
**Depreciation**
At 1stApril 2020
Charge for the year
At 31st March 2021
**Net Book Value**
At 31st March 2021
At 31stMarch 2020|**Land &**
**Building**
**Furniture,**
**Fixtures &**
**Fittings**
**Computer**
**Equipment**
**Musical**
**Instrume**
**nts Totals**
£
£
£
£
£
385,000
8,927
1850
5,582
401,359
1,945
-
1,945|
|---|---|
||385,000
10,872
1,850
5,582
403,304|
||-
6,121
1222
5,071
12,414
-
2,174
611
511
3,296|
||8,295
1,833
5,582
15,710|
||385,000
2,577
17
-
387,594|
||385,000
2,806
628
511
388,945|
## **8.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Accountancy Fee
Loan
Sundry Creditor|**2021**
**£**
750
12,600
2,180
15,530|**2020**
**£**
750
12,600
-|
|---|---|---|
|||13,350|
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